Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 138.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 103,270 shares of the software company’s stock after purchasing an additional 59,979 shares during the period. Canada Pension Plan Investment Board’s holdings in Autodesk were worth $30,524,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after acquiring an additional 245,816 shares during the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of Autodesk by 164.0% in the third quarter. SOA Wealth Advisors LLC. now owns 227 shares of the software company’s stock worth $63,000 after purchasing an additional 141 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Autodesk by 11.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 1,882 shares of the software company’s stock worth $518,000 after purchasing an additional 188 shares during the period. World Investment Advisors LLC purchased a new stake in Autodesk in the third quarter valued at approximately $3,923,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Autodesk in the 3rd quarter worth approximately $4,751,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.3 %

NASDAQ ADSK opened at $259.47 on Friday. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The business has a fifty day moving average price of $268.04 and a 200 day moving average price of $286.91. The company has a market cap of $55.27 billion, a P/E ratio of 51.48, a P/E/G ratio of 2.94 and a beta of 1.49.

Insider Activity

In related news, CAO Stephen W. Hope sold 2,452 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $267.29, for a total value of $655,395.08. Following the completion of the sale, the chief accounting officer now owns 3,003 shares of the company’s stock, valued at approximately $802,671.87. This trade represents a 44.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Cahill acquired 2,000 shares of the stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, for a total transaction of $534,200.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $534,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADSK. DA Davidson dropped their price objective on shares of Autodesk from $285.00 to $265.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Stifel Nicolaus lowered their price target on shares of Autodesk from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a research note on Tuesday, February 25th. Bank of America boosted their price objective on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Oppenheimer dropped their target price on Autodesk from $350.00 to $300.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $321.59.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.